Bitmain appears to be vulnerable, overexposed, and short on cash.

This is great news for bitcoin.


@mattodell It will hurt Bitmain and therefore potentially kill BCH, but the whole cryptocurrency scene will be damaged as a whole after this disaster unfolds.

@duudl3 @mattodell Let it happen. Bitcoin will come out on top. If anything it will enforce the immune system and antifragility of BTC making it stronger in the long run and kill off the shitcoins in It's wake.

@duudl3 @mattodell Bitcoin will not even notice. Mining is a commodity, there is nothing special about Bitmain. RIP.

Sign in to participate in the conversation
Bitcoin Mastodon

A mastodon instance for Bitcoin Maximalists.
No scams, no shitcoin, no impersonation, no begging, and no illegal content.
Keep it civil and we should all survive :)